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Freed Hotel and Residences is a New Condo development by Freed Developments located at 240 Adelaide St W, the corner of Adelaide St W & University Ave, Toronto.
Freed Hotel & Residences, a premier condominium development by Freed Developments, is set to become a landmark in Toronto’s Entertainment District. Situated at 240 Adelaide Street West, Toronto, Ontario, M5H 1W7, this development stands on the historic site of the former Crocodile Rock Bar. With a towering structure of 63 storeys, Freed Hotel & Residences will house 399 residential units, designed to cater to a wide range of lifestyle needs and preferences. Located in the heart of the Entertainment District, the development promises residents proximity to the city’s finest dining, sports venues, and nightlife, making it a prime choice for investors and homebuyers.
Exclusive Platinum Launch Incentives
Extended Deposit Structure
- $10,000 on signing
- Balance to 5% in 30 days
- 5% in 180 days, 2.5% in 720 days
- 2.5% in 1200 days,
- 5% on occupancy
Hard Capped Development Levies (Inclusive of ALL Fees)
- Studios & one beds: $19,500
- Two beds + Larger: $24,500
Right to Lease During Interim Occupancy
Free Assignment
Location
Located at 240 Adelaide Street West in the Entertainment District, Freed Hotel & Residences enjoys an unbeatable location with a perfect walk score of 100. This ensures residents are just steps away from an extensive selection of restaurants, bars, clubs, and shopping venues. The site’s historical significance as the former Crocodile Rock Bar adds a layer of cultural depth, surrounded by a mix of repurposed classic brick warehouses and contemporary buildings serving as office spaces, lofts, art galleries, and eateries. This blend of historical and modern elements, combined with the neighbourhood’s thriving technology and creative sectors, makes it an attractive location for young professionals and investors.
Transportation
Freed Hotel & Residences offers unparalleled transportation convenience with a perfect transit score of 100. The development is well-served by over 15 public transit routes, with easy access to St. Andrew and Osgoode Subway stations and the Gardiner Expressway for motorists. Union Station, a hub for key landmarks and educational institutions like the University of Toronto, George Brown College, Ryerson University, and OCAD University, is just a short ride away, making commutes effortless for residents.
Amenities
Freed Hotel & Residences distinguishes itself with a broad array of premium amenities designed to meet the varied needs of its residents, ensuring a blend of luxury, convenience, and community. The development offers round-the-clock concierge service, ensuring that resident needs are catered to at any hour. For relaxation and leisure, there’s an outdoor infinity pool that merges seamlessly with the horizon, providing a tranquil escape within the city. The state-of-the-art fitness centre caters to health and wellness enthusiasts with its comprehensive range of equipment and facilities. A modern co-working space is available for residents who seek a productive environment without having to leave the comfort of their home. For relaxation and rejuvenation, the serene spa offers a range of treatments in a calming environment. Additionally, an intimate screen room is available for entertainment purposes, providing a cozy setting for movie nights and screenings.
Expanding on these exceptional offerings, Freed Hotel & Residences will also feature the new Toronto flagship location of Katsuya, a renowned restaurant spanning 10,000 square feet. This addition will bring a vibrant dining experience to the residents and guests, adding to the development’s allure as a destination for both luxury living and culinary excellence.
Enhancing the allure of Freed Hotel & Residences, the main lobby will feature an art piece by the renowned Japanese artist and entrepreneur Takashi Murakami. Known for his vibrant and intricate works that blend traditional Japanese art with contemporary pop culture, Murakami’s piece will undoubtedly contribute to the sophisticated and culturally rich atmosphere of the development.
About the Developer
Freed Developments, the visionary behind Freed Hotel & Residences, is known for its innovative approach to revitalizing Downtown Toronto areas such as King Street West. Committed to creating spaces where residents can live, work, and play, Freed Developments has completed nearly $1 billion in projects and has another $1 billion in development. With a reputation for quality and innovation, Freed Developments offers a unique opportunity to invest or reside in one of Toronto’s most dynamic neighbourhoods, enriched by the artistic contributions of Takashi Murakami.
Freed Hotel & Residences at a glance
| Sales status | Public Sales |
|---|---|
| Construction | Pre Construction |
| Building type | Condo |
| Storeys | 63 |
| Height | 219 m |
| Estimated occupancy | 2030 |
| Launch | March 26, 2024 |
| Architect | Adrian Smith + Gordon Gill Architecture |
| Interior design | DesignAgency |
| Sales & marketing | PSR Brokerage Ltd. |
| Neighbourhood | Entertainment District, Toronto |
| Maintenance | $0.87/sq ft — All utilities separately metered (Heat, Hydro, Water) |
| Walk Score | 99/100 |
| Transit Score | 100/100 |
Current incentives
- Free Assignment
- Right to Lease During Occupancy
